Both wages and self-employment earnings.

[sirignanod]

I had both wages and self-employment earnings that each exceeded $142,800. Form SE calculates the full self-employment tax. Where do I get credit for social security tax withheld on my W-2?  Am I paying social security twice?

[VolvoGirl]

 First make sure the W2 and schedule C are both listed for the same person if married.  

Turbo Tax figures it out for you. If you also have W2 income, you have to break out the Social Security and Medicare taxes. Only the Social Security part maxes out.

The SE tax includes what you already paid in from your W2 so your schedule SE tax will only be the difference up to the max amount of $8853.60 for social security. The max for social security for 2021 is 6.2% of wages plus schedule C net profit up to $142,800.

Medicare is 2.9% (both er & ee parts) of all wages & schedule C profit - no max.

In the Online version you have to download the whole pdf to your computer to see it. If you have the desktop program you can switch to forms mode, click Forms in the upper right (left for Mac) and open the schedule SE.

[VolvoGirl]

Will this help?  Here is schedule SE with 20,000 schedule C profit and 150,000 of W2 wages.  You only pay Medicare Tax on the schedule C profit.    Or would it help more if I show less than 142,800 max for wages so more lines get filled out?

[VolvoGirl]

Oh you said BOTH were over the Max?  OK, here is 200,000 Sch C profit and 150,000 Wages.  You only are paying Medicare tax line 11 on the schedule C profit.